Health Tracking Company BASIS Science Raises $11.5 Million
BASIS Science has announced that they have raised $11.5 million in a round of funding. Basis is known for developing a wrist-based health tracker product, which was launched this past December. The Basis wrist band works as a watch, but lets you monitor your health habits. The Basis watch has built-in sensors to monitor your heart rate, how much you sweat, and how many calories that you are burning. The Basis watch product is priced at around $200.
Basis has added Deepak Chopra (“health living” expert) and Esther Dyson (technology analyst) is joining Basis’ board of directors. This round of funding was led by Mayfield Fund with investment form existing investors DCM and Norwest Venture Partners. Mayfield managing director Tim Chang will be rejoining the board of directors at Basis. Chang helped work with Basis from the company’s infancy while previously working at Norwest. The watch has a heart-rate monitor and uses an optical blood-flow sensor.
“People can now get a more complete picture of their overall health, with visibility into their activity and sleep, as well as important physiological metrics like heart rate,” stated Chopra. “This means Basis can offer a more engaging and insightful way for people to get and stay healthy.”